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of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges and highways. if you look at air travel. we have one of the world's most antiquated travel systems, we need to update the antiquated computer system. one day you're going to have terrible problems or you're going to have a kind of the system will break down, it's not going to cost $25 billion. it will cost $50 billion. >> there's another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending around. some of that might be true. the bigger issue is nilements, the growth in what those are going to cost us over time. that's the real threat. it's the one that is
'neill at 9:00 tonight and signed the final agreement. we don't have that environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending cuts and froze discretionary spending over five years not what democrats would be happy about what would follow if there was a deal. it is maybe a little less likely than one year ago but it is possible. lori: meno bernanke will leave at the end of the term. how will that unfolds? >> now -- now they say tim geithner will go to the head of the federal reserve. [laughter] i think he has had his do but it is a close relationship. it is with the entire board and not just the chairman. on lot of people have known them for a long time. lori: who will handic
jointly. >> precisely. >> that kind of discussion feels dead on arrival in this political environment where we can't even get a budget done. >> and the problem is we're going to have to do some of this anyway. anyone who owns a home knows this. if you differ maintenance, my boiler is leaking but i'm not going to fix it, that's penny-wise but pound pool foolish. the whole thing will break and cost you three times the amount. air travel. we have one of the world's most antiquated air traffic systems. we need to update the computers. it's $25 billion. we're not spending that money because as you say spending is is a dirty word. but one day you're going to have terrible problems or you're going to have -- the system will break down. then it's not going to cost $25 billion. it will cost $50 billion. >> another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending. the bigger issue is entitlements, the growth in what those are going to cost us over time. that's the real threat, the one hardest to deal with because it's stuff peopl
is summarize the threats we face in the broader strategic environment in which our counter-terrorism efforts take place. the death of osama bin laden marked a milestone in our efforts to defeat al qaeda. al qaeda's ranks have been decimated. more key leaders have been eliminated in rapid succession at any time since 9/11. virtually every major a al qaeda affiliate has lost its key leader or operational commander. more than half of their top leadership has been eliminated. al qaeda is on the ropes and continues to get pummeled. however, his death and the capture of many other al qaeda leaders and operatives do not mark the end of al qaeda or its continued plotting against the united states and other countries. the preeminent security threat to the ad states remains al qaeda and its adherents. since september 11, the counter- terrorism effort has been aimed at preventing the counter terror -- the counter efforts of al qaeda on the homeland. al qaeda continues to edify operatives overseas and develop new methods overseas to attack us at home. affiliated movements have taken us beyond the core l
competitive environment from which to go out and compete around the world and win. host: one thing we heard leading up to discussions late last year is that some type of certainty was needed from decisions made. did the people you represent find the guest: certainty there is some of it. much is to be done because long- term overhang is still serious. nobody believes that our current spending course is sustainable. we have made promises that cannot be paid for. maybe not tomorrow or five years from now, but down the road changes need to be made. you're seeing this at the state level where governors and in both parties and legislative bodies are coming together. watch illinois right now, they are struggling with their pension debt, but at the national level we have not had the success yet that some of the states of had. host: looking at spending federally, what has to be guest::the first quarter this year is one that debate will take place. you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertw
to be an economic and political environment. that's going to be the story for 2013. >> we get a lot of people who come in who it seems to me lately there's a big divergence. there are those who are optimistic about things and think things will go well. others that say, forget it, we've seen all the gains. which camp would you put yourself in? >> i guess i'm not wholistically in either camp. it's more an optimist than a pessimist. we've seen stock correlations begin to fall a little bit. that's encouraging. it says that investors are begin to go loor fop companies that figure out how to make money in a slow growth environment. not sure what the indices will do, but i think the companies that are positioned to save other people company. i was thinking about the people who sell cnbc their coffee cups. you don't do that. somebody has figured out how to do that on large scale and make a lot of money doing it. so those kinds of companies we're going to look for. that means selectivity. that means looking in place that's we don't like from a mook row point of view such as europe. >> but from the average
today it will still be a dangerous environment. we will still need to do force protection, but the mission will change this is how we start to leave and it will happen as of this spring which is a surprise. faster than anybody said it would happen. now, the justification for speeding up the way out, i have to admit, is a little holey. holey with an "e," not ah. this is because of the progress that's been made in terms of after began security forces, capacity to take the lead. i don't really know anything about the strength of afghan security forces and neither do you, unless you are just back from the war, which case, welcome home. but the pentagon's report to congress on that subject which reportedly was ready before the election this year, but did not get released until after the election for some reason, the official u.s. pentagon report on the readiness of afghan security forces, far from afghan security forces ready to take the lead, out of 23 afghan army brigades, only one of those 23 brigades capable of operating independently without support from international or u
be a dangerous environment, that we will still need to do force protection. but the mission is going to change. this is how we start to leave. and it's going to happen as of this spring, which is a surprise, which is faster than anybody said it was going to happen. now, the justification for speeding up the way out, i have to admit, is a little holey, not holy as in ahh. president obama saying the acceleration was possible in part because of what has been made in terms of afghan security forces, their capacity to take the lead. i don't know anything about afghan security forces, and neither do you unless you're newly back from the war, and welcome home, but the pentagon's report on that suggest which was reportedly ready before the election this year, but did not get released until after the election for some reason, the official pentagon support on the readiness of afghan security forces says far from afghan security forces being ready to take the lead, it says out of 23 afghan army brigades, only one of those 23 brigades is capable of operating independently without support from internationa
much money. the deposit growth here is unbelievable. but in this environment, people want net interest margin. they want the bank to make more money or more mortgages. >> some banks out there, just declined only six basis points. that's how optimistic some on wall street will be going into this quarter. the sequential decline, it's 3.56 for the fourth quarter from 3.66 in the third. as you mentioned, ten-base point decline. so that picture has been dimming a bit. total lending has increased. >> not enough to offset the incredible increase in the deposits. what did they take in over -- >> $30 billion in the quarter. >> 12% annualized. even with that rescinding of the insurance beyond 250,000, still deposit flows. yet you can't put it into productive loans or you don't want to because you worry about credit quality and we end up with contracting energy -- >> look, we're at a moment where i don't think anybody who's got a mortgage, they know they're getting a good price. the ohio regionals are going to do better. that welgs is now a sale. look, wells could go to 33. if it had been to 32,
up a much more friendly environment to talk about the issues. host: fawn johnson, correspondent with national journal, we're focusing the "washington journal" this morning on issues surrounding immigration. later on, we'll talk to some reporters as well as folks on both sides of the issue right here on n washington, d.c. haour first phone call is from ryan in texas on our democrats line. hi, ryan. caller: yes, how you doing? host: good. caller: i would like to say, they're not going to enforce the immigration laws. some of the people that i know out with these charges, that they're not going to follow immigration rules, just some of these guys that got these crack charges and trying to get back to their families. host: you're talking about drug charges? ok. let's go to trevor in arlington, virginia, on our independent line. hi, trevor. caller: hello. how you doing? host: good morning. caller: basically the premise of my question is, you know, everybody involved in deciding what's going to happen with immigration, you would think they would have to be thinking, how much more reve
in this current fiscal environment to ensure the success of the space launch? >> thank you, sir. that is a tall order. i think one of the crucial things the consolation program was supposed to do is to provide a smooth transition for the work force and for the capability the nation has off of the shuttle program to what ever came next. and we've lost that now. the deep integration between the low earth orbit and the destinations that was hoped for i think is also gone. i would first say 2012 is not 2008. we are in a different and new situation today and we have to look at going forward. the primary, one of the primary problems with the end of the constellation was again cutting ourselves off from our international partners who didn't see how they were going to participate increasing risks to the international space station because while we certainly hope for and encourage and want to see the private sector to go for that work if there are delays, if there are problems, we don't really have a fallback option so we are down to a few critical paths for supporting the station, and so, the complemen
into recession. it's been in a recession type environment for a while. and the only grimace of hope is that the chinese economy has been showing signs of growth and the japanese are earmarking trying to get their growth profile. it's a race to the bottom. last year, there was a lot of risk that people thought we were going to have and didn't happen and then this year, thought there would be a massive allocation out of equities. i think that shows the first quarter is not going to be a one shot off the the risk markets. >> george, thanks for joining us this morning. we appreciate that. and now let's just remind you what else is still to come. two of the biggest names in hedge funds are locking horns over herbalife. we'll tell you what you need to know, coming up. with hotwire's low prices, we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ hotwire.com ♪ [ male announcer ] some day, your life will flash befor
can do is create an earn virn. where -- environment where good and responsible parents can become children become good and responsible adults. >> bill: the bill may open the bill to more drunking driving cases. this doesn't make drinking and driving. some have exceptions to the 21 and over law in states. such as allowing kids to drink at home. we are hearing president obama is about to make pick tim geithner. bumpy ride on capitol hill. the details on that lye from the white house. plus, how the fight over the fiscal cliff could delay your tax refunds. look out now. ÷÷ what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >> shepard: the bride and groom's big day got off to bumpy start when hot air balloon crashed moments after they said i dos. here it is. >> positions, everybody. brace. h
puts climate change atop the threats. will the environment finally become a legislative priority? we'll discuss that just ahead. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you c
talk about just the overall economic environment. they say there were a lot of challenges that the industry faced during the last year, including continued low interest rates and elevated unemployment. though, they're not necessarily saying great things about what they see in the economy or at least what they had seen over the last year. only comes in one take at a time. >> where, let me see? >> keep going. >> mine does. >> mine over here. >> i got to go pop out into the next thing during the next thing. >> no. wells forgo at this point 34.99 bid. so no longer actually trading higher on this. i don't know what the metric that came out, but two cents ahead on better than expected write now. >> all right. >> okay. >> talk to an analyst. >> we're going to talk to an analyst and get him on the phone. let's get a quick check on the markets. the dow falling -- would open about 12 points lower. nasdaq off by two points. s&p 500 virtually unchanged. overseas in asia, as we do a quick fly around you can see we do have a little bit of bad news. shanghai composite off close to 2% on
very low. by historical standards. though they are starting to tick up. the default environment is still relatively benign. one of the things that i think gets lost on investors is since 2008 we have refinanced the entire high yield market. there is two ben fritz that from. one is you clearly have a lower interest rate because of lower rates but the second thing we've done is push out maturity. even if there is weakness, which we would not rule out, most companies are pretty well positioned to survive that and they don't have near term mature its. which is always a concern from a high yield investors because, you know, banks can be fickle. we know that. so from a credit standpoint, things are very strong. >> how much go you take into kri consideration, the macro economy, how much does it play when you're putting together a portfolio. >> macro sets the guard rail of the idea. you will deemphasize home builders or building products. right now for example, we are concerned about europe. from the standpoint of credit, we look at european exposure and incorporate that. you can see we
, that is it, and not only that, that shell gas production is cleaning the environment because we use more natural gas, using less coal, that means less greenhouse e mageses, and they are musing less emissions than they have in many years. great news today. >> wow, thank you so much. great report. >> thank you. >> okay, switching gears here to talk about the housing market. six years after the bubble burst, the consumer protection bureau set to outline a new set of home loan rules, but will the guidelines make the mortgage process transparent or add to confusion? asking someone who has a wealth of experience in the mortgage industry, bill emerson. great to have you with us. >> great to be here, lori. lori: what a year quicken had. $70 billion in loans closed versus the prior here and record of $30 billion. that is tremendous growth. why were conditions and even confidence among home buyers so improved in that time? >> well, i think there's a variety of reasons for that. number one, rates were low. that's helpful. number two, market participants shifted focus on what they wanted to do for m
. it will focus on the low interest rate environment and we'll see a pop in these commodities again. is that your play? >> gold is special. i think, don't think of gold as a commodity. think of it as a currency. i think that is what the world's fourth or fifth currency, it will gain more popularity. everyone wants to deflate their currency. other commodities we need a stronger economy. could be second half play. could be somewhere out next year. i'm, i'm the equity strategist. i don't claim to be an expert on this. there is value there. we'll start with oil. i think gold is different. other commodities will come along later on. ashley: scott is the race to debase across the world really and it has been going on for some time. gold has not really responded in the rate you think it would. what do you, what is your thought on gold and where it goes from here? >> we're in really not that interested in gold right now. ashley: no? >> i think it's going to pretty much flat line from here and it's just something that moves in the rest of the year along with any political moves. same way we're cautiously
we like wells fargo a lot. they get hurt in a low rate environment, they'll be helped a tremendous amount when short rates move up, and investors have not yet been willing to believe that the mortgage profits are sustainable. even though wells has got 30% market share of the mortgage market, which over time should be a positive. it's just they're not willing to give them full credit for it yet. >> moshe, thanks for your time. >> thanks very much. >> i did want to discuss some breaking news on morgan stanley. the company, a number of news outlets reporting job cuts coming there. we can confirm and clarify some of those reports. morgan stanley sources close to the company indicating they will cut about 6% of its overall institutional securities, and infrastructure staff. those cuts will total 1,600 jobs, half would be international, half will be domestic. again, 6% of securities and infrastructure. now, putting that in perspective, the company has 57,000 total employees. some have reported 6% overall, that is not correct. again, if you do the math, it would be 1,600 total. they've be
, first the committee on the environment and pickup works. and then, more importantly the committee on finance. you know, i could maybe tell the governor some more stories about how i pushed through the biggest tax increase in history 20 years ago, maybe entertain him with some of the funny stuff that happened on the senate floor when the republicans were not half as crazy as they are now. and then beg the governor to appoint me as john kerry's successor in the senate. my point, basically, experience matters. and in the overnight polling, america spoke, spoke clearly in favor of a senator o'donnell. in a poll we conducted on our website i now have a huge lead. a huge lead over anyone else to be appointed senator from massachusetts. 40% want barney frank. only 4% want oscar winner and current oscar contender ben affleck to take time off from living the dream to cast some votes in the senate for a couple of months. and as i stared at the polling today, 51% supported me. as i stared at those results, refreshing the refresh button, as the hundreds of votes were cast i reached for the ph
and get some of the issues out of the way. >> we've lived in this environment for the last 18 months, one big disaster after another. everyone is waiting for the policy response, comes at the 11th hour and 59th minute. this is a pattern everyone has gotten used to but the fiscal cliff and the debt ceiling are the last big tail risks we think of the tail risks that we have to worry about, saw we would say once we get past that over the next several months we think it will lift a little bit of a cloud and investors will take risks. >> good to see you. >> good to see you. >> thanks so much for joining us. >> bob, thanks to you as well. ten minutes to go before we close it up. the dow jones industrial average holding on to a gain of 50 points. >> well, this herbalife soap opera is continuing. herb greenberg is coming up. all over the big move in the stock. take a look. up 3.25% right now. we'll show you what's behind it. >> and can you believe the iphone was only introduced five years ago? it is true. five years ago today, in fact, so here's a trivia question for you. the iphone alone is wort
's session. nokia on strong surge sales. the company did warn that competitive environment though remains challenging. molly corp plummeting after 2013 revenue and case flows would be weaker than expected due to falling rare earth prices. and super value, which has been in the news lately, says it plans to sell five retail grocery clans to an investor group. the price tag, $3.3 billion. as we continue on power lunch we are waiting for president obama to set to name the white house chief of staff jack lew as new treasury chief. but there are a number of people, including some on the floor, who are afraid of mr. lew, heading up treasury. we will talk about that when we come back as you look at this live picture from the white house. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a he
risk than upside. but clearly, munis, especially in the increased tax environment, still attractive as are some high-yield, some floating rate including some private debt alternative investments to provide some current yield while we continue to sort of muddle along during this first quarter or so in the volatility. hover orr all right, jack, i know you have a lot of etf picks which you often share with us. what is your investment philosophy, strategy in terms of specifics right now? >> sure. i can't disagree with david. i think a lot of those themes, you know, pretty much filter through to what we're doing. but we do think that the emerging markets, you know, trading at a 25% discount to the s&p 500 offer a little bit of insulation in the event that we start our austerity program this year, europe continues their austerity program. yes, there is a little stimulus in japan, but overall i would like to invest in an economy that has, you know, a 6% overnight interest rate that can go lower if they need to. they're running budget surpluses, they've got currency reserves, they can throw
the submarine n that environment to have the largest insurance company in the world that had written savings protection contracts to thousands, hundreds of thousands of american households and to a bunch of state and local governments to have that inconstitution fail in that environment our judgment would have been catastrophic. >> all right. who's right? >> dishonesty of that statement we saw in the testimony from congress. aig was not saved to protect savings accounts. it was saved so that aig could make its payments that alexis would describe earlier. to the largest too big to fail bank that's made the reckless counter party bet risks on aig and the taxpayer was footing the bill. look, even tim geithner himself in some ways acknowledge that was an unfair thing when he authorized his people to negotiate with the banks to try to have a discount, not 100 cents on the dollar buying securities at a time were worth less than half that amount. it was a half hearted, you know, just terrible effort that it didn't go anywhere. >> we were talking about right before those clips the loss of faith in s
are lined and which will work in this new environment? >> we're taking a little bit different approach. we're trying to go to a teacher- centered approach where teachers build units backwards starting with the course and aligning assessments and trading strategies and choosing resources that meet their needs in that unit. we're trying to move away from the big book that we all had on our desk and we all read, the various snippets of different pieces of literature. and go toward the notion of less is more and shoes the most and meatist materials. one of the things we're -- we encourage teachers to think about, is that the only to learn it, or could students have some choice? maybe a menu would yield better information we have on student motivation. students have to see this as meaningful to their lives to have the level of engagement that ends up being a sustainable. we are trying to move away from the district-wide adoptions and try to empower teachers that are working together to purchase the things they feel are most relevant to their students and the way they are going to approach these
and also the competitive environment. obviously a lot of phones coming out at ces and across the spectrum. but let's be clear. a lot of work hard for nokia. 0% gain is not necessarily the start of a turnaround per se at this company. >> and morgan stanley, if you're thinking about buy microsoft, windows 8 disappointing. i do like to -- a lot of people call in on mad money, they want to talk about low dollar stocks. clearwire. nokia. supervalu, all big wins. typically speculation -- speculation is really bad, we have to be involved with pfizer, you know, you should be in merck. the percentage wins here are staggering and a lot of people hit it big. by the way, sirius worked out, too. >> at the same time when you have a low priced stock like that, there is a great deal of risk and i know you point that out many times. i won't enmention many of these until they pierce that $3 level. >> but i was skeptical and this is one of those rare times where skepticism for supervalu, skepticism for clearwire because it was at a dollar not take long ago and it turns out they're a very valuable company. >
to the other? >> absolutely. think about the environment. think about earth. shibani: water bottles. >> we call this rewind. we use recycle plastic bottles and created our own fabric. shibani: tell me how you elaborate. you are a business leader now. >> we are a family and we have ideas and we are creative and we have access to so many things. growing up in our lives we have always been approached with different ideas from different people. we thought it was a perfect opportunity to go together and use these natural fibers, beverages and fabrics and build a family legacy. with these wonderful products and the design, they are beautiful. it is very earth friendly, eco- friendly. shibani: technology has helped you. >> we are here, of course. we are part of the family now. we are excited to be here. shibani: thank you so much. house of marley. back to you guys. ashley: shibani joshi. that is good stuff. tracy: she has the best job. the weak economy forcing many people with the flu to go to work anyway. doctor manny alvarez says do not do it. he is here next. ashley: let's take a look at the ten an
Search Results 0 to 37 of about 38 (some duplicates have been removed)

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